James Grant: The Fed Is Now Hostage To Wall Street

James Grant: The Fed Is Now Hostage To Wall Street by Christoph Gisiger, Finanz und Wirtschaft Below is a brief excerpt reposted with permission

James Grant, Wall Street expert and editor of the investment newsletter "Grant’s Interest Rate Observer", warns of a crash in sovereign debt, is puzzled over the actions of the Swiss National Bank and bets on gold.

From multi-billion bond buying programs to negative interest rates and probably soon helicopter money: Around the globe, central bankers are experimenting with ever more extreme measures to stimulate the sluggish economy. This will end in tears, believes James Grant. The sharp thinking editor of the iconic Wall Street newsletter "Grant’s Interest Rate Observer" is one of the most ardent critics...